Vanguard International Stock Index Funds Annual Report
Vanguard International Stock Index Funds Annual Report
Vanguard International Stock Index Funds Annual Report
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European <strong>Stock</strong> <strong>Index</strong> Fund<br />
Financial Highlights<br />
Admiral Shares<br />
For a Share Outstanding<br />
Year Ended October 31,<br />
Throughout Each Period 2009 2008 2007 2006 2005<br />
Net Asset Value, Beginning of Period $51.71 $102.09 $81.50 $63.44 $55.84<br />
Investment Operations<br />
Net Investment Income 2.448 3.1771 3.140 1 Net Realized and Unrealized Gain (Loss)<br />
2.230 1.611<br />
on Investments 9.968 (50.618) 19.692 17.510 7.396<br />
Total from Investment Operations<br />
Distributions<br />
12.416 (47.441) 22.832 19.740 9.007<br />
Dividends from Net Investment Income (3.616) (2.939) (2.242) (1.680) (1.407)<br />
Distributions from Realized Capital Gains — — — — —<br />
Total Distributions (3.616) (2.939) (2.242) (1.680) (1.407)<br />
Net Asset Value, End of Period $60.51 $51.71 $102.09 $81.50 $63.44<br />
Total Return 2 26.33% –47.74% 28.59% 31.77% 16.32%<br />
Ratios/Supplemental Data<br />
Net Assets, End of Period (Millions)<br />
Ratio of Total Expenses to<br />
$1,700 $1,472 $2,955 $2,175 $1,360<br />
Average Net Assets<br />
Ratio of Net Investment Income to<br />
0.16% 0.12% 0.12% 0.17% 0.18%<br />
Average Net Assets 3.91% 3.92% 3.45% 3.45% 2.93%<br />
Portfolio Turnover Rate3 1 Calculated based on average shares outstanding.<br />
18% 15% 9% 6% 5%<br />
2 Total returns do not reflect the 2% fee assessed on redemptions of shares held for less than two months.<br />
3 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares,<br />
including ETF Creation Units.<br />
See accompanying Notes, which are an integral part of the Financial Statements.<br />
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